deleum berhad unaudited interim financial report for ... - ChartNexus

DELEUM BERHAD
(COMPANY NO: 715640-T)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2007
PART B – ADDITIONAL INFORMATION AS REQUIRED BY PART A OF APPENDIX 9B
OF BURSA MALAYSIA LISTING REQUIREMENTS (Cont’d)
B9. GROUP BORROWINGS
The amounts of Group borrowings as at 31 December 2007 are as follows:
Short
Term
RM’000
16
Long
Term
RM’000
Total
RM’000
Term Loan (Secured) 1,094 6,007 7,101
The borrowings are all denominated in Ringgit Malaysia.
B10. OFF BALANCE SHEET FINANCIAL INSTRUMENTS
Derivative financial instruments are used to reduce the Group’s exposure to fluctuations in
foreign exchange rates and are viewed as risk management tools by the Group and not
used for trading or speculative purposes.
Off balance sheet financial instruments as at 18 February 2008 are as follows:-
Contract
amount
RM’000
Foreign exchange forward purchase contracts 32,262
The above contracts in US Dollars will mature within a period of one to nine months.
There is minimal credit and market risk because the contracts were executed with an
established financial institution.
Gains and losses on foreign exchange forward contracts are recognised in the income
statements upon realisation.
B11. CHANGES IN MATERIAL LITIGATION
Save as disclosed in the prospectus dated 15 May 2007, there were no other material
litigation as at 18 February 2008.